ThaiBev to resume work on unit’s $2bn Singapore IPOA worker arranges bottles of Thai Beverage Pcl (ThaiBev) Chang beer on a conveyor system as they move along the production line at the company's Beer Thip brewery in Ayutthaya province. ThaiBev, which is traded in Bangkok and Singapore, is still seeking to raise about US$2 billion from the brewery business’s IPO, the people said, asking not to be identified as the process is private. A share sale could value the brewery arm at about $10 billion, one of the people said. Its first listing plan in May 2020 was scuppered by Thailand’s lockdown in the early days of the coronavirus pandemic. Apart from the brewery business, ThaiBev also runs distilleries that produce liquor including SongSam rum, Meridian brandy and Drummer whiskey.

Source: Bangkok Post February 22, 2022 19:05 UTC